Community Bancorp (NASDAQ:CMTV) Announces Earnings Results

Community Bancorp (NASDAQ:CMTV) posted its quarterly earnings results on Monday. The company reported $0.91 earnings per share (EPS) for the quarter, Zacks reports. Community Bancorp had a net margin of 25.65% and a return on equity of 15.97%. The company had revenue of $13.56 million during the quarter.

Community Bancorp Stock Performance

Shares of CMTV traded down $0.28 during trading hours on Wednesday, hitting $41.60. The stock had a trading volume of 41,452 shares, compared to its average volume of 24,946. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50-day moving average price of $41.35 and a 200 day moving average price of $38.70. Community Bancorp has a fifty-two week low of $22.65 and a fifty-two week high of $43.95. The firm has a market capitalization of $233.03 million, a price-to-earnings ratio of 12.60 and a beta of 0.38.

Community Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 1st. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.26 per share. This is a positive change from Community Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.5%. Community Bancorp’s payout ratio is presently 31.61%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Community Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

About Community Bancorp

Community Bancorp is a bank holding company headquartered in Vermont. Through its principal subsidiary, Community National Bank, the company provides community banking services to individuals, families, farmers and businesses in northern Vermont and nearby areas.

Community National Bank offers a range of deposit products, residential and commercial real estate financing, agricultural and business loans, consumer lending and other credit services. Its banking services also include online and mobile banking, cash-management solutions and other products designed to support personal and commercial financial needs.

Community Bancorp has roots in Vermont community banking and operates through a network of branches and banking offices serving local communities across the state.